Securities Code: 000993 Securities Abbreviation: Mindong Electric Power Announcement No.: 2026-14 Fujian Mindong Electric Power Group Co., Ltd. Announcement on the Use of Idle Own Funds for Cash Management The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions. Fujian Mindong Electric Power Group Co., Ltd. (hereinafter referred to as the "Company") at the fifteenth extraordinary meeting of the ninth Board of Directors held on April 14, 2026, deliberated and approved the "Proposal on the Use of Idle Own Funds for Cash Management." It was agreed that the Company would use idle own funds not exceeding RMB 200 million for cash management, to purchase structured deposits or large-denomination certificates of deposit. The authorization period is valid for 12 months from the date of approval by the Company's Board of Directors. Within the approved amount and validity period, cash management business can be carried out in a revolving manner, and funds can be used in a rolling manner. From the date of approval by the Board of Directors, the resolution of the seventh extraordinary meeting of the ninth Board of Directors of the Company, "Proposal on the Use of Idle Own Funds for Cash Management," shall terminate. The specific content is as follows: I. Overview of Investment Situation (I) Investment Objective To enhance the efficiency of the Company's capital utilization, without affecting the normal operations of the Company, and in conjunction with the Company's actual operating conditions, to carry out cash management with idle own funds in a timely manner, thereby improving capital utilization efficiency, increasing cash management income, and generating greater returns for the Company and shareholders. (II) Amount and Duration The Company plans to use idle own funds not exceeding RMB 200 million for cash management. The authorization period is valid for 12 months from the date of approval by the Company's Board of Directors. Within the approved amount and validity period, cash management business can be carried out in a revolving manner, and funds can be used in a rolling manner. (III) Scope of Investment Products The Company plans to use idle own funds to purchase structured deposit products or large-denomination certificates of deposit from banking financial institutions that have high security and good liquidity. These funds shall not be used for securities investment, nor for products that invest in stocks and their derivatives or unsecured bonds. (IV) Source of Funds According to the plan for the use of own funds, it is expected that a portion of the funds will be temporarily idle for a period of time. The Company will use a portion of its idle own funds for cash management, while ensuring the liquidity required for daily operations. (V) Implementation Method Within the approved amount, the Company's Chairman or authorized personnel will make the final decision and sign relevant implementation agreements or contracts. Specific investment activities will be decided by the Company's management team. The finance department will be responsible for organizing the implementation, including but not limited to: selecting qualified professional financial institutions through a comparative selection process, determining the amount and duration of cash management, and selecting product/business types. (VI) Profit Distribution Method Profits belong to the Company. (VII) Information Disclosure In accordance with the requirements of the "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operation of Main Board Listed Companies" and other relevant regulations, information on relevant businesses will be disclosed in a timely manner. (VIII) Explanation of Related Party Transactions The Company's use of idle funds for cash management this time does not constitute a related party transaction and does not involve any disguised change in the use of funds. II. Investment Risks and Risk Control Measures (I) Investment Risks
- Credit risk: The risk that the principal of deposits cannot be repaid on time due to the financial difficulties or default of the bank.
- Interest rate risk: The risk that market interest rates change during the product's term, leading to returns lower than market expectations.
- Operational and monitoring risk: The risk associated with the operation and monitoring by relevant personnel. (II) Risk Control Measures
- Strictly screen investment targets, selecting products issued by entities with good reputation, large scale, strong ability to ensure fund safety, good operating performance, and strong capital operation capabilities.
- The Company's finance department will establish an investment ledger to analyze and track the net value changes of products in real-time. If risk factors that may affect the safety of the Company's funds are identified, corresponding measures will be taken promptly to control investment risks.
- Independent directors have the right to supervise and inspect the use of funds, and may engage professional institutions for audits if necessary.
- The use of funds will be subject to daily supervision by the Company's internal audit department. Investment products will be comprehensively inspected regularly, and potential investment income and losses will be reasonably estimated based on the principle of prudence.
- The Company will disclose information on relevant businesses in a timely manner according to relevant regulations, on a transaction-by-transaction basis. III. Impact on the Company's Daily Operations While ensuring normal operations, the Company's use of idle funds for cash management will not affect the normal development of the Company's main business. At the same time, it will improve the efficiency of capital utilization and obtain additional investment income, thereby generating more investment returns for the Company and its shareholders. IV. Relevant Review and Approval Procedures The fifteenth extraordinary meeting of the ninth Board of Directors of the Company deliberated and approved the "Proposal on the Use of Idle Own Funds for Cash Management." It was agreed that the Company would use idle own funds not exceeding RMB 200 million for cash management, to purchase structured deposits or large-denomination certificates of deposit. The authorization period is valid for 12 months from the date of approval by the Company's Board of Directors. Within the approved amount and validity period, cash management business can be carried out in a revolving manner, and funds can be used in a rolling manner. From the date of approval by the Board of Directors, the resolution of the seventh extraordinary meeting of the ninth Board of Directors of the Company, "Proposal on the Use of Idle Own Funds for Cash Management," shall terminate. V. Documents for Inspection
- Resolution of the fifteenth extraordinary meeting of the ninth Board of Directors of the Company. Hereby announced. Fujian Mindong Electric Power Group Co., Ltd. Board of Directors April 14, 2026